Editor,

RE: "BNR maintains repo rate at 6.5% but El-Nino effect could push inflation up” (The New Times, September 30).

BNR, as a good custodian of our monetary policy, has once again set pace for the banking sector—this was appreciated by commercial banks as positive.”

KCB managing director Morris Toroitich welcomed the decision on behalf of the sector, saying it is an indication of an "expectation of short/medium term stability”.

The ball is now rolling. I am waiting to see equal action of lower interest rates to borrowers, more medium term loans, improvement in loan servicing and, above all, an improvement in customer satisfaction.

BNR is hereby challenged to monitor "what people say” about commercial banks and their loan officers. I am waiting to see banks going to farmers to support their efforts. In doing all this, prosperity will prevail.

JK